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- Working Paper
This paper examines income trends from 1992 to 2004 and the responsiveness of different income measures to tax changes for corporate executives and for the very highest income U.S. taxpayers.
- Working Paper
This paper investigates how firms dynamically adjust their use of capital, labor, energy, and materials when there are both smooth and lumpy adjustment possibilities and interrelation among adjustments.
- Working Paper
Recent studies have proposed setting up a benchmark market for indexed bonds to prevent "Sudden Stops," emerging-market crises initiated by sudden reversals of capital inflows. This paper analyzes the implications of such bonds.
- Working Paper
Estimating the causal effect of a first child on female labor supply is complicated by the endogeneity of the fertility decision.
- Working Paper
This paper, which extends previous research, examines how high but uncertain nursing home expenses interact with Medicaid assistance to affect the savings decisions of working-age households.
- Working Paper
This study applies a simple two-country, five-sector, general equilibrium model based on Harberger (1995, 2006) to examine the long-run incidence of a corporate income tax in an open economy.
- Working Paper
The rate of so-called “excess” growth in Medicare spending per beneficiary has varied widely over the last several decades, and growth has slowed substantially in recent years.
- Working Paper
This paper examines past currency crises to shed light on the likelihood that the adjustment of the U.S. current account deficit will involve a dollar crisis.
- Working Paper
This paper uses the Social Security Administration’s Continuous Work History Sample and the March Current Population Survey to analyze trends in earnings inequality during the 1990s and early 2000s.
- Working Paper
This paper analyzes a state-dependent approach to policy in which future Social Security benefit formulas are tied to realized economic and demographic outcomes over time.